Davidson News

Davidson News

Tennessee House Reduces Franchise Tax Refund to $813.5M

Tennessee House Reduces Franchise Tax Refund to $813.5M

The Tennessee House of Representatives has made significant amendments to a bill aimed at repealing and refunding the state’s franchise tax, resulting in a reduced refund amount of $813.5 million. House Bill 1893, which introduces key changes to the refund process, mandates the disclosure of companies benefiting from the refund on the website of Tennessee’s … Read more

Connecticut Contemplates End of Film and TV Tax Credit Program

Connecticut Contemplates End of Film and TV Tax Credit Program

Connecticut’s film and television industry faces uncertainty as the state’s General Assembly weighs legislation to eliminate its lucrative tax credit program. The proposed bill has garnered bipartisan support, with both Republican and Democratic leaders advocating for its removal. The incentive program, which has provided over $1.5 billion in support to productions over nearly two decades, … Read more